Bill Gates’ Portfolio: 5 Dividend Stocks Held By The World’s Richest Man

3. Caterpillar Inc. (NYSE:CAT)

Caterpillar Inc. (NYSE:CAT), which has a dividend yield of 2.90%, is represented in the Bill & Melinda Gates Foundation Trust’s equity portfolio by a $1.04 billion stake containing 11.26 million shares. The stake makes the fund Caterpillar Inc. (NYSE:CAT)’s largest shareholder among the 38 funds in our database that are bullish on the stock as of the end of March.

The Trust has held shares of the mining and construction equipment maker since 2005, during which time the stock has more than doubled in value. Caterpillar Inc. (NYSE:CAT) has also more than tripled its dividend during that time, to $0.78 from $0.25 per share. In its latest financial report, Caterpillar Inc. (NYSE:CAT) delivered EPS of $1.28 in the first quarter, which was significantly above the consensus estimate of $0.62. In addition, its revenue of $9.82 billion was $550 million higher than expected and also rose by 3.8% on the year, which was its first quarterly revenue growth since 2014.

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